|Bid||0.00 x 900|
|Ask||0.00 x 800|
|Day's Range||22.38 - 22.85|
|52 Week Range||17.96 - 24.50|
|PE Ratio (TTM)||11.57|
|Forward Dividend & Yield||0.68 (3.26%)|
|1y Target Est||N/A|
Blackstone Group LP could convert into a corporation from a partnership if KKR & Co.’s planned switch results in a significant increase in valuation over the next year, according to a Credit Suisse analyst note. Blackstone could convert to the new structure as early as 2019, according to analyst Craig Siegenthaler. Blackstone didn’t immediately respond to a request for comment.
Blackstone Group LP could convert into a corporation from a partnership if KKR & Co.’s planned switch results in a significant increase in valuation over the next year, according to a Credit Suisse analyst note. New York-based Blackstone would likely see a more than 50 percent improvement in its valuation and expand its investor base by converting to a C-corp, according to analyst Craig Siegenthaler. The private-equity firm could convert to the new structure as early as 2019, the note said.
Data firm IHS Markit Ltd said on Monday it will buy Ipreo from private equity funds Blackstone Group LP and Goldman Sachs Group Inc for $1.86 billion to expand its financial services operations. The deal is a windfall for the buyout arm of Blackstone and Goldman Sachs, which acquired Ipreo from KKR & Co LP in April 2014 for about $975 million.
The move is aimed at giving HCA and KKR an edge over buyout firms that are also pursuing Envision, which has a market capitalisation of $5.1 billion (£3.7 billion) and long-term debt of $4.6 billion, the sources said.
Ralph Rosenberg, global head of real estate at KKR & Co., discusses opportunities in the Asian real estate market. He spoke Thursday on "Bloomberg Daybreak: Americas." (Source: Bloomberg)
Buyout fund CVC Capital has agreed to buy a majority stake in Mehilainen, one of Finland's largest healthcare companies, from private equity companies KKR (KKR.N) and Triton. Mehilainen had sales of 756 million euros last year. The Finnish healthcare industry is restructuring ahead of a potential shake-up aimed at boosting competition between healthcare providers by opening up more opportunities to the private sector.
Private equity firms, armed with a record $1 trillion in cash, are investing more in public companies than at any time since the financial crisis, buying those left behind in Wall Street's nine-year bull market. It is a bet that buyout firms can spot listed companies' potential that the stock market has been missing, and a sign of confidence in their ability to turn them around even as some of their shareholders have lost patience or faith in them. "There are quite a few public companies that are maybe a little less exciting, maybe have made some missteps or just simply have a bit of a more complex story," said Scott Kleinman, co-president of Apollo Global Management LLC (APO.N).
Ralph Rosenberg, global head of real estate at KKR & Co.. discusses opportunities in the Asian real estate market. He speaks with Bloomberg's Alix Steel and David Westin on "Bloomberg Daybreak: Americas." ...
One logical corollary of the tax reform is companies scrambling to take advantage of reduced tax rates. KKR & Co. L.P. Unit (NYSE: KKR ) recently announced Q1 results and also communicated the decision ...
Traditional banks may be reticent to issue short-term home loans typically used by house flippers, but that isn't stopping Wall Street from getting in on what can be a lucrative portion of lending. According to a report in The Wall Street Journal, private equity firm KKR & Co. L.P. ( KKR) is increasing its investment in Toorak Capital Partners, the company that purchases home loans made to people flipping a home both in the U.S. and the U.K. According to the paper, Toorak has purchased more than $1 billion in these loans.
Toorak Capital Partners, which accumulates high-interest and short-term home loans, received a total of $250 million from KKR.
Prudential Financial’s (PRU) Investment Management division generated adjusted operating income of $232 million in 1Q18, while in 1Q17 it was $196 million. The performance of this segment depends primarily on the average assets under management (or AUM), which are primarily affected by fluctuations in the markets.
Envision Healthcare (EVHC), which is an American healthcare company and national hospital-based physician group, was among the S&P 500’s top gainers on May 10. Envision Healthcare started this week on a weaker note but regained upward momentum and moved higher as the week progressed. Envision Healthcare opened higher on Thursday and closed the day at two-month high price levels.
NEW DELHI/LONDON, May 11 (Reuters) - India's Fortis Healthcare Ltd aims to accept an offer of investment from the underdog of a five-way bidding war, in a decision that drew investor ire and sent shares in the cash-strapped hospital operator down almost 5 percent. Hero Enterprise Investment Office and Burman Family Office will together invest 18 billion rupees ($267 million), valuing Fortis at 90 billion rupees, subject to shareholder approval.
The list of highly paid executives of global organizations for the year 2017 is now out in a report compiled by Bloomberg. Here are the ones who stand tall among the highest-paid corporate executives of America-based listed companies. The 27-year-old Evan Spiegel, the CEO and co-founder of Snap Inc. ( SNAP), a technology and social media company that went public in March of last year, heads the list with a pay package exceeding half a billion dollars.
Berkshire Hathaway (BRK.B) operates in the energy sector through its 90.4% ownership of BHE (Berkshire Hathaway Energy). BHE has stakes in utilities, transmission, and marketing companies. In 1Q18, BHE’s revenue rose YoY (year-over-year) to $4.5 billion from $4.2 billion, boosted by real estate brokerage, natural gas pipelines, MidAmerican, Nothern Powergrid, and NV Energy, and partially offset by a weaker performance by PacifiCorp.
On a next-12-month basis, Apollo Global Management’s (APO) PBV (price-to-book value ratio) stands at 6.01x, while the average of its peers stands at 2.37x, which represents its higher valuations.
Henry Kravis, co-founder of private equity firm KKR & Co., is upbeat about the U.S. economy this year and next, and says the Federal Reserve is doing the right thing getting back to normal. Overall, the U.S. job market is going strong without overheating, while the economic expansion -- which this month became the second-longest on record -- is on solid ground. “The Fed is doing the right thing, they’re starting to unwind their balance sheet and we’ll get back to normal,” Kravis said.
Apollo Global Management’s (APO) Real Assets segment saw economic income amounting to -$1.2 million in 1Q18, while in 4Q17 and 1Q17, its economic income stood at $1.8 million and $4.1 million, respectively.
Apollo Global Management’s (APO) Credit segment reported economic income amounting to $47.7 million in 1Q18 on the back of performance fees and fee-related earnings.
On May 3, Apollo Global Management (APO) released its earnings report for 1Q18. Its Private Equity segment saw economic income amounting to -$151.5 million in 1Q18 compared to $270.5 million in 1Q17 and $381.6 million in 4Q17.
Carlyle’s (CG) NTM (next-12-month) PE (price-to-earnings) ratio of 8.1x is lower than peers’ average of 11.4x, implying that its valuation is lower. Peers (XLF) Ares Management (ARES), Oaktree Capital (OAK), and KKR (KKR) have NTM PE ratios of 12.9x, 11.6x, and 9.6x, respectively. In 1Q18, Carlyle’s total revenue fell substantially quarter-over-quarter, and the company’s carry fund appreciation fell year-over-year to 3% from 6%, which may have impacted the company’s valuation.
May.18 -- Ralph Rosenberg, global head of real estate at KKR & Co., discusses opportunities in the Asian real estate market. He spoke Thursday on "Bloomberg Daybreak: Americas."
May.17 -- Ralph Rosenberg, global head of real estate at KKR & Co.. discusses opportunities in the Asian real estate market. He speaks with Bloomberg's Alix Steel and David Westin on "Bloomberg Daybreak: Americas."